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Report: First Coast residential real estate market begins to cool

The Business Journals The Business Journal... | 5 months ago

According to the Census Bureau, home sales are down almost 18% nationally since January 2022.

Cala continues to increase house construction levels

Construction Enquirer Construction Enquire... | 8 months ago

In a trading update for the six months to 30 June 2022 Cala reported 1,527 completions to June 2022 – an increase of 3% on the 1,479 units completed last time. Pre-tax profit hit £98m from £77.6m on turnover up to £688m from £600m. Kevin Whitaker, CEO at Cala Group, said: “The first half of 2022 has seen the group deliver a very strong performance, ahead of forecast units, turnover and pre-tax profits. “The strength of the sales market in 2021 has continued into this financial year a...

Patti Payne's Cool Pads: Matt and Chelsea Ramerman's Dutch Hill Farm lists at $3.1 million

The Business Journals The Business Journal... | 8 months ago

"Farmhouse meets French Country" is the way the owner describes the $3.1 million home, which offers the family privacy and peace.

Mortgage News Daily Mortgage News Daily | 8 months ago

Why Were Rates Able to Defy Stronger Data? With at least one Fed speaker mentioning Retail Sales as having a bearing on the Fed's debate between a 75bp and 100bp hike at the upcoming July meeting. With a 1.0 vs 0.8 result, the market didn't really get a definitive verdict. Yes, it's stronger, but not by enough as to make the Fed's choice obvious. It was also not enough to push inflation-adjusted sales into positive territory. In short, it provided additional fuel for the notion that rec...

Neighbor Island home sales continued to decline in August

The Business Journals The Business Journal... | 6 months ago

Statistics look at sales on Maui, Kauai and Hawaii Island last month.

Existing home sales continued their slide in August

HousingWire HousingWire | 6 months ago

Existing home sales continued to fall in August, as homebuyer demand cooled further as a result of the Federal Reserve’s inflation-busting policy. The seasonally adjusted sales rate for existing homes fell 0.4% month over month in August to a rate of 4.80 million, according to a report from the National Association of Realtors (NAR) released Wednesday. This is […] The post Existing home sales continued their slide in August appeared first on HousingWire.

Lennar expects national slowdown in residential construction

The Business Journals The Business Journal... | 3 months ago

Lennar has lowered prices to maintain its home sales volume, but other builders are not doing the same.

Same-sex couples pay a premium to live in more liberal states

National Mortgage News National Mortgage Ne... | 9 months ago

Homeowners in the top ten states with the highest share of same-sex couples are paying on average $116,730 more for their property than those in the ten states with the lowest percentage of LGBTQ+ households, according to a new LendingTree report. Vermont, Massachusetts and New Mexico have the highest shares of same-sex couples with 2.082%, 2.071% and 2.064%, respectively. Meanwhile, South Dakota has the lowest percentage, with only 0.726% of households occupied by same-sex couples. North Dako...

Growing gap between income, home prices scrutinized

The Business Journals The Business Journal... | 10 months ago

Median family income in the Austin metro area grew by 11.5% from 2021 to 2022, but that hasn’t been enough to keep up with housing affordability, according to researchers. In their new housing affordability outlook report for the area, researchers at Texas A&M University’s Texas Real Estate Research Center confirmed again the rise in home prices has been outpacing the increase in income. They said the year-over-year growth in median home sales price was 22%. According to the center, in 2...